If you already own 100 shares
Income call
For income on OSIS you already hold: sell the Oct 16 $220 call and take $195 now. If OSIS climbs to $220 by Oct 16, your 100 shares are sold at $220, so only do it if you're happy selling there.
If it climbs past $220 your 100 shares are sold at $220 and you keep the $195. That is the trade working, not a loss.
The call order
ActionSell to open
ContractOSIS Oct 16 $220 call
You get$195 (limit about $1.95)
If it climbsYour 100 shares sell at $220
Chance your shares are soldabout 18 in 100
After removing the trend-22% a year